Natural Gas

Texas NGV Grants Produce Economic Benefits

February 27, 2015
• by Staff

A trio of Texas grant programs that funded the construction of natural gas fueling stations and the adoption of natural gas vehicles (NGVs) produced major economic benefits for the state, according to a new study by the University of Texas at San Antonio's Institute for Economic Development.

The grants, which totaled $52.9 million, produced $128 million worth of economic impact, led to $79.1 million in gross state product, and supported 927 full-time jobs in 2014, according to the study.

The three grant programs administered by Texas Commission on Environmental Quality are the Clean Transportation Triangle (CTT) Program, the Alternative Fueling Facilities Program (AFFP), and the Texas Natural Gas Vehicle Program (TNGVP).

The CTT and AFFP grants, totaling nearly $21 million, supported 54 natural gas station applicants from 2012 to 2014. The TNGVP grants of $32 million supported 618 NGV purchases and four vehicle conversations for 50 applicants from 2012 to 2014, according to the study.

Natural Gas

Hexagon Composites ASA has signed an agreement to acquire the remaining 50% of Agility Fuel Solutions Holdings Inc. The combined business will provide clean energy solutions to a wide range of end markets around the world.

Fleet managers who purchase the 2019 Ford Transit Connect compact van will have a choice of several options not available to retail buyers, including an exclusive engine with a natural gas prep package and other options.